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Clifden extends early tender date for Thrones mortgage-backed notes
By Susanna Moon
Chicago, July 9 – Clifden IOM No.1 Ltd. is extending the early tender deadline in the offer to purchase the £117.74 million class A mortgage-backed floating-rate notes due July 2044 issued by Thrones 2013-1 plc.
The purchase price will be 125% of par for notes tendered by the early deadline of noon ET on July 16, according to a company notice.
Originally, the company said the purchase price would be 95% per £1,000 principal amount plus an additional early tender premium of additional 30% per £1,000 principal amount of notes tendered by the early deadline of noon ET on June 22.
Clifden said on June 4 that it was offering to purchase the mortgage-backed floaters until noon ET on July 17.
The outstanding amortized amount is £38,682,928.34 with a pool factor of 32.854534%, according to a previous company notice.
No accrued interest will be paid.
Settlement is expected to occur on July 20.
Morrow Sodali Ltd. (+44 20 3879 5462 or thrones@morrowsodali.com) is the tender agent.
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